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There could have been no more inappropriate time to announce a reorganization, and surely Jonas knew it. Bat went on eating, as if he knew what his father was about to announce — which he did not know.

"I've been reviewing this year's performance and this year's changes," Jonas went on. "On the whole, I'm satisfied. We stubbed our toes on a few things, but on the whole we've had a good year. Bat recommended reorganization, I accepted his recommendation, and I'm glad I did. Studying what we've done over the past five years, it has become apparent to me that Bat and I have complementary talents. Bat does some things better than I do. I do some things better than Bat does. For that reason, I want to change the structure a bit to take advantage of those disparate and complementary skills."

Bat glanced up at his father at intervals, but his attention seemed to remain focused on his dinner.

Jonas continued. "For myself, I'm very happy I got us into the hotel business. We're going to own two of the finest casino-hotels in Las Vegas, and they're going to make money like nothing else does! I will continue personal control over Cord Hotels. Bat recommended that we go into television production, and we've done reasonably well at that. I am oriented to show business more than he is. I made movies, after all, and we own Cord Studios because I established them. I am going to assume full executive authority over Cord Productions and relieve Bat of any responsibility in that area of the business."

It was obvious now that Bat's concentration on the remainder of his dinner was a façade against what his father was saying.

"I'm gonna run the casino-hotel business and the entertainment element of the business myself, hands-on," said Jonas. "Now, as to Bat, he has proved himself a shrewd businessman, an organizer, a man who understands how to finance things. As of the first of January he will be president and chief executive officer of Cord Enterprises. He will be president and chief executive officer of Cord Explosives, which incorporates Cord Plastics, and of Inter-Continental Airlines." Jonas paused and grinned. "With those offices he won't have enough work to do, so I'm handing him a new assignment. I'm creating a committee of the board of directors of Cord Enterprises — a committee on new ventures and acquisitions. Bat will be chairman. I'll serve on the committee, as will Professor Moynihan; and since the board is not really large enough to have committees, I am enlarging the board from five members to seven. Our general counsel, David Amory, will be a director and a member of Bat's committee. In addition I have asked my dear friend Angela Wyatt to serve as a director."

6

Two of the bedrooms in the ranch house had small fireplaces. Jonas had taken one for himself and assigned the other to Bat. Snow had fallen all during their dinner and was still falling. The sight of snow, the deep silence of a snowy night, made them feel cold even when the temperature in a room was the same as it had been a few hours ago. Jonas had asked Angie to build up the fire, and she squatted in front of the fireplace, already naked, and pushed splinters of kindling against the few hot coals that remained from an earlier fire.

"Congratulations, Madame Corporate Director," said Jonas.

She turned and smiled at him. "Thank you, Jonas. That was a wonderful thing for you to do for me."

"You deserve it," he said. "You've earned it. Anyway, you know all about what the board does, since you've been at every meeting, taking the minutes. Now you'll have a vote."

"I'll always vote the way you do," she said ingenuously.

Jonas grinned. "Well, I hope so." He was sitting on a tweedy couch in a long blue terry-cloth robe. He picked up a bottle and poured a splash of bourbon. "Nightcap," he said. "One last sip." She'd had the temerity to count his drinks and remind him of his promise to his doctors to cut down on the booze. He didn't sip. He tossed the bourbon down with a satisfied grunt.

With the fire beginning to catch, Angie came to the couch, sat down beside Jonas, and reached inside his robe to massage his penis.

"I wish I had the place wired," said Jonas. "I'd like to hear what they're saying out there." They had come to their bedroom as soon as they left the dinner table. "Actually, they won't say anything. None of them trust each other enough to say what they think in each other's presence."

"Bat— "

"I wouldn't want him to know how much he means to me," said Jonas. "What I really wish I had wired is that bedroom at the other end of the hall. I'd like to hear what he and Toni say when they're alone."

7

As Toni undressed, Bat stirred coals, added wood, and knelt and blew on the coals, coaxing up a lively blaze in the little fireplace.

"What was all that about?" she asked when he stood and began to take off his clothes.

"I could say much ado about nothing. Actually, it's about something. He gives me a more impressive title, but he isn't giving up an iota of control."

"Was it a sort of Christmas present?" she asked. "The title?"

"You could think of it that way," said Bat. "He wants my allegiance. He could have assured it better another way."

"What way?"

"He could have arranged a transfer to me of a block of the CE stock. I hold just ten shares. So does each of the directors, except Judge Gitlin who owns two hundred. All the rest of it, my father owns himself. That's how he keeps absolute control. Absolute control."

"He won't give up control while he lives. You know that. You couldn't expect him to."

"No, of course not. But if I held ten percent of the stock, I'd feel more secure."

Bat hung his clothes over a chair and sat down on the bed beside Toni. She beckoned him to lie back, to cuddle with her.

"If you held forty percent, he could still fire you any time he felt like it," she said.

"Right."

"But why did he shut you out of television production?" she asked. "The Glenda Grayson Show was your idea. You've done as much with Cord Productions as anybody could."

"I can think of two reasons," Bat said. "In the first place, he likes the glamour aspect of it. He was always bored with businesses like explosives and plastic, though for a long time they were his basic moneymakers. He liked the airline. He liked building airplanes and flying them himself as the test pilot. And he liked making pictures."

"That's one reason. What's the other?"

"As head of Cord Productions, I hired Jo-Ann. He's going to dump her. He doesn't want her anywhere near the business, any aspect of it."

"Does he hate her?"

"No, but he doesn't trust her. You can understand why."

"What kind of a job was she doing?" Toni asked.

"Good enough. Competent. But he won't let her work for him, and I don't think Monica will give her a job, either."

"She has a good education," said Toni. "Nothing prevents her from getting a job not working for her parents."

"She doesn't have to work. She can live very comfortably on what our father gives her. Of course, I understand how frustrated she has been, living on an allowance."

"Bat ..."

"Hmm?"

"You're not very happy, are you?"

"Well. I'm not accustomed to observing Christmas Eve by hearing a talk on the reorganization of the business."

"Yes, and you're full of tension. I've got a present for you. Just lie back and loosen up."

She put a pillow on his legs and laid her head on it, pressing her face against his belly. "I want to be comfy," she said in a low voice. "I figure on this taking a long time."

She opened her mouth and took his penis in. He saw what she meant by taking a long time. She licked very gently for a minute or so, then stopped licking and lazily nibbled his foreskin with her lips. She turned her big brown liquid eyes upward and watched his reaction. She smiled. Bat relaxed. She bent his penis to one side so she could lick along its length without having to lift her head from the pillow.